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Economics
> Glossary > Flashcards
Glossary Flashcards
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Economics
(24 decks)
Micro-Basic economic problem:What is an economy
Micro-Basic economic problem: social science
Micro-Basic economic problem: Positive & normative economic statements
Micro- economic problem: PPF ( some micro)
Micro-Measuring economic performance: Specialisation
Micro-Measuring economic performance: Division of Labour
Macro: Economic growth-GDP
Macro: GDP-How to make comparisons between countries?
Macro: Economic growth
Micro: Money
Macro-inflation
Micro: demand-consumer surplus
Micro:Demand
Micro:Elasticity-Price Elasticity of Demand
Macro:Price Elasticity of Demand (PED)(1.2.4)
3.4 Price Elasticity of Supply
3.3 Cross Price Elasticity of Demand (XED)
3.2 Income Elasticity of Demand (YED)
3.1.2 Economic Growth Causes
Inflation- Causes
Inflation Impact
Deflation
3.3.2 Unemployment Impacts
Glossary
